Spin Cycle

News, views and commentary on Long Island, state and national politics

DiNapoli estimates lost revenue at $15B to $18B

This photo from the U.S. Coast Guard shows

This photo from the U.S. Coast Guard shows areas of Long Island damaged by Sandy. (Oct. 30, 2012) (Credit: Getty Images)

State Comptroller Thomas P. DiNapoli said Friday lost revenue due to superstorm Sandy ranges from $15 billion to $18 billion — though it could go higher.

The comptroller, who lives in Great Neck, said the estimate was based on “economic losses include disruption to daily business and the loss of property and wealth, some of which may not be included in other estimates.”

Newsday's Sara Crichton has more here.

advertisement | advertise on newsday

advertisement | advertise on newsday